Breaking down the numbers of The Masters
Scottie Scheffler won The Masters, claiming his second green jacket and a whopping $5.6 million AUD in prize money.
Not a bad weekend.
In this week’s episode of The Big Deal, we break down the numbers around The Masters.
Listen to the wrap and subscribe for free now on Apple Podcasts or Spotify
Scottie’s the champ
As well as his nice bag of cash from the win, he’s also ranked number on the world.
It’s taken his season earnings to more than $23.34 million AUD.
It almost didn’t happen though, with his wife expecting their first child, he said he was willing to leave the tournament if she went into labour.
The Masters offered a tournament record of $31.1 million AUD in prize money this year.
His endorsements
Scheffler is currently tied to Nike (apparel), TaylorMade (clubs), Titleist (ball), Rolex and NetJets.
Per Forbes, Scheffler’s endorsements and sponsorships earn him $23.3 AUD million.
His deal with TaylorMade from 2022 is his biggest endorsement deal, but the details are undisclosed.
LIV Golf views
Scheffler has been a known critic of LIV Golf, but is not one of the seven players on the 13-member board of directors for the newly-established PGA Tour Enterprises venture.
He has been blunt in some comments about blaming LIV players for the ‘fractured’ state of the sport.
While there’s big cash with LIV, Scheffler’s doing alright on the PGA Tour, earning more than $38 million USD since its inception.
Caddy cash
Caddies certainly don’t leave empty-handed.
They receive two sources of salaries from The Masters.
Firstly, they earn between $3100 and $6200 per week.
Secondly, they also get a percentage of player earnings.
There’s also two ends of the spectrum. If a player doesn’t make the cut, he still takes home $15,500 AUD, while the caddy receives $778 AUD.
But for those who do make the cut, they get five per cent of the prize money.
If a player finishes second, the caddy gets seven per cent of the winnings - $234,000 AUD.
While, a winning caddy will get 10 per cent of the prize money. So, Ted Scott would’ve received $560,000 for his four days work at The Masters caddying for Scheffler.
Based on Scheffler’s success, Scott would have earned $1.86 million AUD this year based on the above, placing him 54th out of 200 PGA Tour players.
Perks for the winner
There’s more than some perks for the winner of The Masters.
You get a spot in the champions’ locker room forever, a replica trophy, a gold medal, a green jacket, it goes on.
They also get an honorary membership of the course to play anytime, a five-year PGA Tour card to play at any tournament, an invitation to all majors for that same period and an invitation to play in The Masters at Augusta for life as a former winner.
There’s also an invitation as a previous Masters champion for a dinner on the Tuesday before the tournament with other past champions. The previous year’s winner gets to pick the menu, but also must pay for the meal.
Broadcasting
CBS airs just four minutes of commercials per hour of golf. In comparison, the NFL has four times that.
Only three sponsors, IBM, Mercedes and ATNT, paid an estimated $24 million last year for the final two rounds on ads, which helps cover the CBS production costs.
There’s also restrictions. Broadcasters can’t mention the prize purse, the sponsors on player clothing, fans and crowd are ‘patrons’ and ‘second cut’ is used as opposed to ‘the rough’.
CBS executives can play the course after The Masters with clients.
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